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News release

Melbourne

Port Melbourne’s iconic Court House for sale

Prized corner freehold going concern trading as a Latin kitchen and bar


​JLL Hotels & Hospitality Group has been exclusively retained to offer for sale the property (freehold) and business (leasehold) of Corte, a quality restaurant and bar, located on the vibrant retail strip of Bay Street in Port Melbourne.

Corte (Spanish for courthouse) is named in recognition of the historic Port Melbourne Court House and operates as a rustic Latin kitchen/bar, celebrating all things South American. 

The property is situated on a prominent corner position on the busy intersection of Bay and Graham Streets in the prestigious bayside suburb of Port Melbourne.

Strategically positioned on a corner site of approximately 569sqm, the beautifully restored 1860s building, together with the leasehold of a trading business, provides a rare opportunity for an astute investor or operator to acquire quality facilities behind a heritage listed facade in a tightly held location.

Mathew George, Vice President – Investment Sales, states "This is an exceptional opportunity for the incoming investor or operator to benefit from the vision and foresight that the Vendor has implemented over the past 2.5 years and capitalise on the growth in the business. Moreover, there is option to utilise plans to further extend the hospitality area incorporating extensive BOH, additional dining and a separate cafe (STCA)."

Mitchell Humphreys, Vice President – Investment Sales, said "This is an ideal value add investment or owner-occupier opportunity boasting arguably one of Melbourne's best courtyard/beer garden areas."

This sale represents an exceptional opportunity to acquire a stunning heritage building in a premier bayside location with a business that offers a solid trading history and numerous upside opportunities.

Corte is being offered for sale by Expressions of Interest closing 4:00pm Thursday 28 May 2015.